The Role of the State

Are Markups Increasing?

A new Stigler Center paper challenges recent research on market power in the US, showing that markups did not increase over the last few...

New Evidence and Legal Theories About Horizontal Shareholding

Harvard Law School professor Einer Elhauge on his new paper on horizontal shareholding, which provides new empirical evidence that even when horizontal shareholders individually...

Are Google and Facebook Monopolies?

Chicago Booth’s Luigi Zingales and George Mason University’s Tyler Cowen discuss the market power wielded by digital platforms, and how to promote competition.         Google and...

New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is

In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...

Wider and Direct Access to Financial Market Infrastructure Is the Next Step for a More Competitive Financial Market

The potential impact of Europe's revised Payment Services Directive, known as PSD2, should not be underestimated, as banks adapt to a flatter and more competitive...

Why Behavioral Remedies Won't Work in the Case of AT&T-Time Warner

It is clear from the economics in the government’s complaint against the AT&T-Time Warner merger that the harms to competition articulated by the Department...

Inequality, Imperialism, and the First World War

Branko Milanovic on his new paper with Thomas Hauner and Suresh Naidu exploring inequality prior to World War I and providing empirical support for...

Will Repeal of Net Neutrality Accelerate the Trend in Media Consolidation? The History of Cable Suggests "Yes"

The history of cable and cable programming strongly suggests that without specific FCC safeguards, we can expect a massive “arms race” by providers to...

Zingales: Too Much Power in the Hands of Big Tech Could Distort American Democracy

Watch comments by Luigi Zingales from the recent AEI Panel  "Should Washington Break Up Big Tech?” The excessive concentration of power in the hands of the...

The DOJ Has a Strong Case Against the AT&T-Time Warner Merger

If the merging parties are true to their many tough public statements, and they stick the litigation out long-term, the odds are not bad...

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